HMMJ: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HMMJ
Largest movements
- Cash -€80,395
down €80,395 (-65.0%), from €123,590 to €43,196
mainly Contributions, distributions and other (-€127,000) and Tax, wage and social debts (-€583)
- Receivables within one year -€5,560
down €5,560 (-25.1%), from €22,185 to €16,625
- Reserves -€87,026
down €87,026 (-71.7%), from €121,459 to €34,433
- Staff costs +€29,792
up €29,792 (+271%), from €11,013 to €40,804
- Gross operating margin +€21,540
up €21,540 (+27.5%), from €78,365 to €99,905
- Taxes +€1,044
up €1,044 (+7.7%), from €13,543 to €14,587
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,852 | €63,118 | -€86,735 | -57.9% |
| Fixed assets | 21/28 | €3,784 | €2,695 | -€1,089 | -28.8% |
| Tangible fixed assets | 22/27 | €3,784 | €2,695 | -€1,089 | -28.8% |
| Plant, machinery and equipment | 23 | €3,784 | €2,695 | -€1,089 | -28.8% |
| Current assets | 29/58 | €146,069 | €60,423 | -€85,645 | -58.6% |
| Amounts receivable within one year | 40/41 | €22,185 | €16,625 | -€5,560 | -25.1% |
| Trade receivables | 40 | €22,185 | €16,625 | -€5,560 | -25.1% |
| Cash at bank and in hand | 54/58 | €123,590 | €43,196 | -€80,395 | -65.0% |
| Deferred charges and accrued income | 490/1 | €293 | €602 | +€309 | +106% |
| Total equity and liabilities | 10/49 | €149,852 | €63,118 | -€86,735 | -57.9% |
| Equity | 10/15 | €122,459 | €35,433 | -€87,026 | -71.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €121,459 | €34,433 | -€87,026 | -71.7% |
| Distributable reserves | 133 | €121,459 | €34,433 | -€87,026 | -71.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,393 | €27,684 | +€291 | +1.1% |
| Amounts payable within one year | 42/48 | €27,393 | €27,684 | +€291 | +1.1% |
| Trade debts | 44 | €1,717 | €2,591 | +€874 | +50.9% |
| Suppliers | 440/4 | €1,717 | €2,591 | +€874 | +50.9% |
| Taxes, remuneration and social security | 45 | €25,676 | €25,093 | -€583 | -2.3% |
| Taxes | 450/3 | €24,148 | €12,708 | -€11,439 | -47.4% |
| Remuneration and social security | 454/9 | €1,528 | €12,385 | +€10,857 | +710% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €11,013 | €40,804 | +€29,792 | +271% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €1,089 | -€121 | -10.0% |
| Other operating charges | 640/8 | €182 | €626 | +€444 | +244% |
| Gross operating margin | 9900 | €78,365 | €99,905 | +€21,540 | +27.5% |
| Operating profit (loss) | 9901 | €65,960 | €57,385 | -€8,575 | -13.0% |
| Financial charges | 65/66B | €2,542 | €2,824 | +€282 | +11.1% |
| Recurring financial charges | 65 | €2,542 | €2,824 | +€282 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €63,418 | €54,561 | -€8,857 | -14.0% |
| Income taxes | 67/77 | €13,543 | €14,587 | +€1,044 | +7.7% |
| Profit (loss) for the period | 9904 | €49,875 | €39,974 | -€9,901 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,875 | €39,974 | -€9,901 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.